The cars you can afford with your salary in South Africa at the start of 2023

[BusinessTech]

The cars you can afford with your salary in South Africa at the start of 2023

Here is a selection of new vehicles you can buy at the start of 2023, depending on your gross monthly income.

 

[Lupus]

Don't, rather get off the grid

 

[FiestaST]

Every 6-8 weeks the same article gets recycled.

 

[zoozi]

The car I can afford:

 

[FiestaST]

The car I can afford:
View attachment 1457989

What about this?

 

[ToxicBunny]

Most people in this country must be earning well with the types of cars on the roads

 

[McRuder]

Most people in this country must be earning well with the types of cars on the roads

People making high percentage residual deals based on combined gross incomes. As long as you make the payments the banks don't care what/if you eat.

 

[koeks525]

Shocked at how someone earning under R20K a month can qualify for vehicle financing. How do you pay the rent, groceries, insurance, fuel and car instalment with around R13/R14K net income (approximated net income on a gross of 20K)? Seems like a life of struggle waiting to happen. Maybe the balloon payment option does the trick, hahaha.

To me, it seems like you need to be earning a ton more, to afford the most basic vehicle - having a net income of at least R40K per month... so there is money to sustain the vehicle, money to save & invest, and money to pay rent, groceries, bills, etc.